Re: the future long term financial apocalypse of the USA

On 5/28/2024 1:58 PM, The Horny Goat wrote:

On Fri, 24 May 2024 14:07:57 -0500, Lynn McGuire
<lynnmcguire5@gmail.com> wrote:
 

Several of my customers were starting to look at building coal to
natural gas plants here in Texas in the middle 2000s.  Texas has huge
coal fields, maybe the most in the nation.  This prompted us to improve
the solids handling and thermodynamics in our software.  Then fracking
was released to the public in 2008 and the price of natural gas crashed
back down to $2/mmbtu.  We have enough natural gas in the USA to last
for a thousand years at the current usage rates.  So much natural gas
that we are now shipping 25% of our natural gas production to Mexico and
Canada via pipelines and to Europe and Asia via 20+ LNG plants and many
ships.

 To be countered by US legislators (particularly in Michigan) who are
blocking Canadian pipelines into the United States.....

Canadian natural gas has a lot of H2S in it that requires very expensive treatments, mostly using the SCOT process or the new absorbents to a point.  The new natural gas wells in the USA from fracking shale formations have very little H2S in them.
So, much Canadian natural gas has been replaced with cheaper USA natural gas.  The marketplace is all determining until the governments mess with it.
Lynn